Another Electricity Tariff Hike Next Month

JAKARTA (Yosefardi) – Electricity tariff for household (category one) with 1,300 volt ampere (VA) and 2.200 VA power capacity will be raised by 11% or Rp157 per kilowatthour (kWh) starting December 2015. This is part of tariff adjustment for next month period....

Tiphone & Arima to Develop R&D

JAKARTA (Yosefardi) – PT Tiphone Mobile Indonesia Tbk (TELE) is now in talks to with Taiwan-based electronic firm Arima Communication Corp to develop research and development (R&D) for smartphone next year. Both parties have earlier agreed on building...

IDX Opens Lower Following Regional

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.95% at 4517 this morning following regional markets. Asian shares dragged their feet on Tuesday after a healthcare mega-merger failed to impress investors while the dollar...

IDX Ends Lower 0.8% on Profit Taking

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.8% at 4560 Friday (Nov. 27) as profit taking hit after recent gains. Asian stocks markets were lower in muted trading Friday after Wall Street was closed for the...

Jaya Agra Wattie Profit Drops 991%

JAKARTA (Yosefardi) – PT Jaya Agra Wattie Tbk (JAWA) only booked net profit of Rp637 million in first nine months of 2015, dropped 991% from Rp74.9 billion in the same period of 2014. Net sales declined 22% to Rp482.6 billion from previous Rp621 billion while cost of...